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It has added a lot of volatility to the market. For instance, every time there is a "crisis" in the Middle East (Iran threatens Israel, etc), the price of oil goes up. This is because a war in that region would result in a disruption in the supply of oil (see the Iraq War), so any hint of a problem causes a jump in prices. Also, the attacks of 9/11 put the American economy into a recession. Whenever there is a lot of uncertainty (and the threat of terrorism does that easily), it creates a lot of risk aversion, which has a lot of negative effects on the economy such as less investment, less spending, and less risk-raking.
Gabriella Roob
Cecile Heidenreich
This makes it possible to sell goods in many different areas. They have more trade options and even more options for jobs.
Wiki User
∙ 15y agoIt means more interdependence so more economic growth as business offshore to you so it is like selling your service to developed countries
Wiki User
∙ 9y agoThe major benefit of globalization is improved trade and competition between different economies which leads to better products.
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What development allowed the American economy to be affected by economic problems in other regions of the world?
Globalization
How has the globalization of culture and science affected the US?
how has the globalization of culture and science affected the united states
How is communication being affected by globalization?
it is affected by loads of people
Globalization of the economy has hurt which category of the us population?
Economy
'Globalization and the future of the Indian economy'?
potty
What is one way the globalization has affected the American economy?
loss of manufacturing jobs
What development allowed the American economy to be affected by economic problems in other regions of the world?
Globalization
How has the globalization of culture and science affected the US?
how has the globalization of culture and science affected the united states
How has globalization affected Kenya?
Globalization hurts Kenyan agriculture
How is communication being affected by globalization?
it is affected by loads of people
Globalization of the economy has hurt which category of the us population?
Economy
How has globalization affected the car?
yes
How has globalization influenced migration?
Globalization influenced migration because of the culture and economy.
How has globalization affected Germany?
Germany has benefited from globalization, itâ??s economic and labor polices allowed the country to thrive. With the largest economy in Europe and 4th in the world, its investment and trade policies impact the fate of Europe and much of the world as well.
What are the Effects of globalization on Brazil economy?
nothing
'Globalization and the future of the Indian economy'?
potty
How did globalization contributed in the interaction and changes in the culture on the global level?
globalization affected trade and culture
